9. Which bank finance, coordinate and control the working of District Central Co-operative Banks in the states?
1) National Co-operative Bank
2) Primary Co-operative Bank
3) State Co-operative Bank
4) Lower Development Bank
5) None

14. The funds of District Central Co-operative Banks arisen from ..........
1) NABARD lending
2) State government
3) Affiliated Co-operative societies
4) Funds from State Co-operative Banks
5) All of above

18.
By which date, the Urban Co-operative banks must implement CBS facility
in all its branches as per the order of RBI on 13 March 2013?
1) 31 October 2013
2) 31 December 2013
3) 31 January 2014
4) 31 August 2013
5) None

19. The recent actions/ orders of RBI to control Co-operative banks given. Pick the correct one.
1)
Customers of Pune-based Rupee Cooperative Bank restricted by limiting
the amount of money that depositors can withdraw up to Rs.1000 only. It
is pune based bank.
2) On 5 March 2013, RBI asked Urban
Cooperative Banks (UCBs) to take necessary steps to ensure smooth
transition to new international accounting norms IFRS from April 2014.
3)
Amanath Co-operative Bank can conduct a financial transaction of not
more than Rs.1,000 per account a day as per the directions of RBI on 7
April 2013. It is Karnataka based bank.
4) On 8 January 2013, RBI notified that all co-operative banks should not issued cobranded ATM cards without approval of RBI.
5) All of above

26.
To settle inter-state water disputes, prevent flood and pollution, on
24 June 2013, the Union government released a Draft River Basin
Management bill which aims to set up how many river basin authorities?
1) 10
2) 24
3 ) 5
4) 18
5) 12

27. For the transformation of barren land in to cultivating land which state launched Bhumi sena scheme on 8 August 2013?
1) UP
2) AP
3) MP
4) Goa
5) Jammu and Kashmir

29.
As per the 2013 Global Peace Index published by the Institute for
Economics and Peace, the top most peaceful countries of the world are
...... ?
1) Iceland, Denmark and New Zealand
2) USA, UK and Australia
3) Japan, Switzerland and Finland
4) India, China and Mexico
5) None

30.
Indian Junior Women Hockey team won its first ever Bronze medal on 4
August 2013 in Hockey Junior World Cup held in .........
1) India
2) France
3) Japan
4) Germany
5) Australia

31. BCCI stands for ........
1) Board of Cricket Control of India
2) Board of Control for Cricket in India
3) Board of Central Cricket in India
4) Board of Cricket Commission in India
5) None

Reserve Bank of India (RBI) issued guidelines for setting up new banks in the private sector vide Press Release dated 22.02.2013. The last date for receipt of applications was 01.07.2013. In all, RBI has received 26 (twenty six) applications.

At the first stage, the applications will be screened by RBI to ensure prima facie eligibility of the applicants, including the assessment of ‘fit and proper’ status of applicants. Thereafter, the applications will be referred to a High Level Advisory Committee to be set up by RBI. In view of the processes involved, it is expected to issue ‘in-principle’ approvals for new banks by the first quarter of 2014.

The safeguards and prudential regulations which have been put in place in the guidelines for the new bank, the parent Non-Operative Financial Holding Company (NOFHC) and the consolidated bank to serve as adequate safeguards to deal with conflict of interest situations, inter-alia, include ‘fit and proper’ criteria; corporate structure of the Non-Operative Financial Holding Company (NOFHC); no exposure to the promoter group by bank, NOFHC and other financial sector entity under the NOFHC and; corporate governance of NOFHC and stipulation of majority of independent directors on the Board of the Bank.

The contravention of any of the directions and instructions issued by Reserve Bank of India (RBI) under the Banking Regulation Act, 1949 is an offence punishable under sub-section (4) of Section 46 of the Banking Regulation Act. In terms of sub-section (1) of Section 47A of the Banking Regulation Act, 1949, if a contravention or default of the nature referred to in sub-section (4) of Section 46 is made by a bank, the Reserve Bank may, inter-alia, impose on such bank, a penalty not exceeding one crore rupees for each of such contravention and a further penalty which may extend to one lakh rupees for every day during which the contravention or default continues.

The monetary penalties have been imposed on banks in exercise of powers vested in the RBI under the provisions of Section 47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

The fines and monetary penalties under section 46 and 47A of the Banking Regulation Act, 1949 respectively were substantially increased through the Banking Laws (Amendment Act, 2012 which was brought into force in January, 2013. The objective of the amendments was to establish an effective and dissuasive penalty regime for violations of the provisions of the Banking Regulation Act, 1949.

In view of the recent amendment to strengthen the regulatory and supervisory powers of RBI by rationalising the fine and penalty regime for violations under the Banking Regulation Act, 1949, there is no proposal to further rationalise the fine and penalty regime under the Banking Regulation Act, 1949.